NVDA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.034%

Price spread now: Deribit against QFEX−0.022%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on QFEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now −0.022%, 7d avg −0.022%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.150%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NVDA-USD	226.30	0.0072	pay 0.0009% / 1h	46m 16s	$1.3M	$9.1M	10x
Short	Deribit NVDA_USDC-PERPETUAL	226.25	0	get 0.0000% / 1h	46m 16s	$53K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee DeribitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$15.1
Price spread: −0.022% → −0.022%: $0
Slippage, 4 orders: −$12.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.44
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Deribit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 8 min ago	0.88 bp	6.3 bp −$6	6.9 bp −$69	10.2 bp −$1,018	doesn't fit
Sell Deribit live order book, 3 min ago	4.42 bp	7.9 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit

NVDA on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NVDAUSDT	0.0000%	8h	226.31	+0.004%	$12.5M	$14.5M	100x	as long as short
OKX NVDA-USDT-SWAP	0.0000%	8h	226.32	+0.009%	$14.1M	$20.3M	50x	as long as short
Gate NVDA_USDT	0.0000%	8h	226.27	−0.013%	$7.2M	$9.9M	100x	as long as short
Bitget NVDAUSDT	0.0000%	8h	226.37	+0.031%	$15.8M	$16.3M	100x	as long as short
SunX NVDA-USDT	0.0000%	8h	225.99	−0.137%	$2K	$3.5M	20x	as long as short
Deribit NVDA_USDC-PERPETUALshort	0.0000%	1h	226.25	−0.022%	$53K	$1.9M	10x
HTX NVDA-USDT	0.0000%	8h	226.46	+0.071%	$198K	$437K	30x	as long as short
Phemex NVDAUSDT	0.0000%	4h	226.57	+0.119%	$2.2M	$41K	10x	as long as short
Aftermath Perps NVDAUSD	+0.0014%	1h	226.20	−0.046%	$117K	$52K	10x	as long as short
Lighter NVDA	+0.0032%	1h	226.29	−0.002%	$2.1M	$3.2M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH NVDA	+0.0040%	1h	226.47	+0.075%	$5.1M	$6.9M	20x	as long as short
Arcus NVDA-USD	+0.0040%	1h	226.26	−0.018%	$392K	$736K	20x	as long as short
Vest NVDA-USD-PERP	+0.0046%	1h	226.47	+0.075%	—	$74K	25x	as long as short
tradeXYZ xyz:NVDA	+0.0050%	1h	226.20	−0.044%	$146.9M	$43.3M	20x	as long as short
Polymarket Perps NVDA-USD	+0.0050%	1h	226.14	−0.071%	$391K	$242K	10x	as long as short
SoDEX NVDA-USD	+0.0050%	1h	226.21	−0.040%	$59K	$19K	10x	as long as short
Ondo Perps NVDA-USD.P	+0.0050%	1h	226.11	−0.084%	$1.6M	$1.9M	15x	as long as short
Nado NVDA-PERP	+0.0054%	1h	226.19	−0.047%	$480K	$223K	20x	as long as short
GRVT NVDA_USDT_Perp	+0.0055%	8h	226.45	+0.066%	$21K	$428K	10x	as long as short
QFEX NVDA-USDlong	+0.0072%	1h	226.30	long leg	$1.3M	$9.1M	10x
Aster NVDAUSDT	+0.0080%	8h	226.36	+0.028%	$482K	$538K	20x	as long as short
Extended NVDA_24_5-USD	+0.0096%	1h	226.20	−0.042%	$644K	$879K	10x	as long as short
Pacifica NVDA	+0.0100%	1h	226.16	−0.063%	$297K	$50K	10x	as long as short
ApeX Omni NVDAUSDT	+0.0100%	1h	226.29	−0.004%	$16K	$44K	50x	as long as short
Orderly PERP_NVDA_USDC	+0.0100%	8h	226.30	0.000%	$36K	$20K	20x	as long as short
Variational Omni NVDA	+0.0104%	8h	226.46	+0.070%	$3.3M	$2.5M	—	as long as short
Hotstuff NVDA-PERP	+0.0104%	1h	226.30	0.000%	$35K	—	20x	as long as short
KuCoin NVDAUSDTM	+0.0109%	8h	226.32	+0.009%	$1.6M	$903K	20x	as long as short
Aevo NVDA-PERP	+0.0120%	1h	226.32	+0.007%	—	—	10x	as long as short
Coinbase International NVDA-PERP-INTX	+0.0136%	1h	226.29	−0.004%	$1.3M	$696K	10x	as long as short
Binance NVDAUSDT	+0.0166%	8h	226.36	+0.026%	$155.1M	$220.9M	50x	as long as short
Phoenix NVDA	+0.0212%	1h	226.19	−0.049%	$93K	$83K	20x	as long as short
Injective NVDA/USDC PERP	+0.0220%	1h	226.97	+0.296%	$73K	$136	30x	as long as short
BloFin NVDA-USDT	+0.0286%	8h	226.36	+0.027%	$711K	$197K	20x	as long as short
edgeX NVDAUSDC	+0.0520%	4h	226.38	+0.037%	$171K	$1.9M	20x	as long as short